​​​​Second Quarter 2015 Highlights

The Enterprises' Foreclosure Prevention Actions: 

• The Enterprises completed 63,593 foreclosure prevention actions in the second quarter of 2015, bringing the total to 3,540,936 since the start of conservatorships in September 2008. Of these actions, 2,916,973 have helped troubled homeowners stay in their homes including 1,833,943 permanent loan modifications.
  
• Approximately 31 percent of all permanent loan modifications in the second quarter helped to reduce homeowners' monthly payments by over 30 percent.
  
• The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 47 percent of modifications in the second quarter due to improved house prices and a declining HAMP eligible population.
  
• As of June 30, 2015, approximately 18 percent of loans modified in the second quarter of 2014 had missed two or more payments, one year after modification.
  
• There were 9,423 completed short sales and deeds-in-lieu during the quarter, bringing the total to 623,963 since the start of conservatorships.
  

The Enterprises' Mortgage Performance: 

• The number of 60+ days delinquent loans declined 6 percent during the second quarter as the economy improved and house prices continued to increase.
  
• ​The serious delinquency rate fell to 1.6 percent at the end of the quarter compared with 5.5 percent for Federal Housing Administration (FHA) loans, 2.9 percent for Veterans Affairs (VA) loans and 4.0 percent for all loans (Industry average).
  

​ The Enterprises' Foreclosures:

• Third-party sales and foreclosure sales declined 14 percent to 29,945 while foreclosure starts decreased 11 percent to 62,364 in the second quarter.
  
• REO inventory declined 14 percent during the quarter to 86,515, as property dispositions continued to outpace property acquisitions.
  

For an interactive online map that provides state data, click on the following link:
Fannie Mae and Freddie Mac State Borrower Assistance Map​

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